what's VaultBridge Bridged USDC (Katana)?
VaultBridge Bridged USDC (VBUSDC) is a bridged variant of the USDC stablecoin, transferred to the Katana network through the VaultBridge bridging protocol. This enables users to leverage USDC's stability and liquidity within the Katana ecosystem, primarily on the Ronin sidechain, for cross-chain DeFi operations without repatriating funds to the origin chain. The token maintains a 1:1 peg to native USDC and is utilized in decentralized exchanges like LeoDex for swaps (e.g., VBUSDC to ASTR) and DeFi protocols such as Charm Finance for deposits and yield strategies. It supports seamless interoperability, reducing friction in multi-chain environments while inheriting USDC's collateral properties.
VaultBridge locks bridged assets in Morpho vaults on Ethereum L1, exporting yield via vbTokens.
Locks bridged assets into Morpho vaults on Ethereum L1 and exports yield via vbTokens including vbUSDC.
Achieved 76.94% APY on Spectra, including LP rewards of KAT, vbUSDC, and SPECTRA tokens.
Treasury yield donations totaling $67k-$80k distributed to Katana yearn vault users holding yvvbTokens, with 31k-36k vbUSDC, 9k vbUSDT, 6k-7k AUSD, 5.25-7.9 vbETH, and 0.0014 vbWBTC among the donated assets over 7-day periods.
Fixed rate PT yield of 13.77% APY available on Spectra Finance on Katana with limited liquidity warning.